Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%

Price spread now: edgeX against Derive+0.455%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Derive Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.455% dearer against Derive than usual: you sell high and buy low, +$45 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive LINK-PERP	12.995	0.0100	pay 0.0013% / 1h	55m 02s	$16K	$22K	10x
Short	edgeX LINKUSDC	13.054	0.0100	get 0.0050% / 4h	2h 55m	$43K	$308K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Derive. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee DerivebpFee edgeXbpOrdersPrice spread, now +0.455%Rate

Funding earned: $0
Price spread: +0.455% → 0.000%: $45.49
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $30.49
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Derive: no order-book sample; edgeX: live order book, 13 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Derive no order-book sample	—	—	—	—	—
Sell edgeX live order book, 13 min ago	2.65 bp	7.2 bp −$7	10.5 bp −$105	doesn't fit	doesn't fit

Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

LINK on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni LINKUSDT	−0.0265%	1h	13.058	+0.483%	$152K	$670K	50x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0091% / S +0.0167%	1h	12.993	−0.020%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.020	+0.190%	$462K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.002	+0.050%	$772K	$212K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	12.996	+0.007%	$131K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.580%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.056	+0.470%	$3K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0071%	8h	12.992	−0.025%	$128K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	13.002	+0.052%	$996K	$2.7M	50x	as long as short
dYdX LINK-USD	+0.0080%	1h	13.006	+0.082%	$344K	$48K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter LINK	+0.0096%	1h	12.996	+0.005%	$1.9M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.088	+0.712%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.995	−0.002%	$397K	$307K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.000	+0.041%	$1.3M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.005	+0.077%	$273K	$156K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.991	−0.033%	$120.8M	$299.7M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.989	−0.048%	$83.8M	$71.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.993	−0.017%	$27.4M	$83.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.019	+0.183%	$182K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.995	−0.002%	$128.8M	$12.1M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.998	+0.021%	$34.5M	$56.3M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.998	+0.021%	$22.5M	$14.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.990	−0.040%	$53.8M	$30.4M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.995	−0.002%	—	$22.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.004	+0.068%	$349K	$383K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	13.000	+0.041%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDCshort	+0.0100%	4h	13.054	+0.455%	$43K	$308K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	13.040	+0.345%	$587K	$2.6M	10x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.998	+0.021%	$81K	$70K	10x	as long as short
Derive LINK-PERPlong	+0.0100%	1h	12.995	long leg	$16K	$22K	10x
SunX LINK-USDT	+0.0100%	8h	13.012	+0.127%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.996	+0.006%	$18K	$34K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.980	−0.115%	$641K	$870K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.992	−0.021%	$660K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.999	+0.030%	$545K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.989	−0.048%	$5.3M	$15.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0383%	1h	12.991	−0.032%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0501%	1h	13.004	+0.068%	$6.8M	$8.0M	50x	as long as short
Phemex LINKUSDT	+0.0664%	8h	13.010	+0.114%	$20.1M	$11.5M	50x	as long as short
Hyperliquid LINK	+0.0792%	1h	13.015	+0.152%	$83.5M	$27.5M	10x	as long as short